Salalah Free Zone signs deal for two new projects

By
ONA

May 09, 2019

Muscat -

Salalah Free Zone (SFZ) has signed a usufruct subcontract agreement for two new projects in food and import-export trade sectors with an investment of US$19mn. These projects will be established on an area of 26,000sq m and create 70 direct jobs.

The first project is the establishment of a carbon beverage plant, which will be an exclusive distributor of Aqua Europe. The second project is the establishment of warehouses and stores to support the import and export trade in Salalah Free Zone.

The agreement was signed by Ali bin Mohammed Tabuk, acting CEO of SFZ and the manager in charge of each project in the investing company.

Tabuk said SFZ is working in different directions to attract foreign investments to the sultanate. “We have seven new initiatives expected to achieve positive results in the coming period. A new package of foreign direct investments will also be announced, along the opening of factories and facilities for investors in the region.”